GRT 12H Update. Will we see new ATHs?!As you may have noticed in some of my other analyses, I often use a resistance line. A brief explanation for this can be found at the Chart.
To illustrate this, I’ve marked the resistance line in both the red sequence and the green sequence. I think you can clearly see how significant it is and why it makes sense to realize profits at these levels.
Regarding the current move, we now have our new reversal zone marked in orange. As you can see, we haven’t reached it yet. Therefore, I strongly expect a short move upward, potentially forming a sub-structured sequence, which we can then use to enter the orange reversal zone.
With a new higher high, we would activate the orange sequence. The rest is clear: targets at Point Y and the resistance line on the way there.
Be aware the our red sequence is yet to be invalidated. Eventhough i dont see it playing out in GRT, it still technically is a viable option.
